Mohammed Niyas Nellikkunnu was intercepted after he cleared through the green channel at the Chhatrapati Shivaji Terminus airport in Andheri on the intervening night of Monday and Tuesday, the official said.
Upon checking his luggage, saffron worth Rs 3.48 lakh and a gold biscuit valued at Rs 3.30 lakh were found, the official said.
As per the rules, only those passengers, who have no goods to declare can pass through the green channel, the official said.
"Nellikkunnu, who landed here by Air India flight from Dubai, was subsequently arrested and the goods were seized," the official added.